Statistical Tools

Getting to know the data with Statistical Tools

Statistical tools enable the collection, organization, and interpretation of numerical data, especially the analysis of population characteristics by inference from sampling. The tools in this category will enable you to do just that as well as other things, for example:

Hypothesis testing

Method of valuation

Correlation Analysis and Regression (logistic , PROBIT, LOGIT)

Decision Trees

Time series forecasting

Real options analysis

Statistical inference

Neural Networks

Financial analysis and models

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Palisade PrecisionTree allows you to visually map out, organize, and analyze decisions using decision trees, right in Microsoft Excel. Decision trees are quantitative diagrams with nodes and branches representing different possible decision paths and chance events. This helps you identify and calculate the value of all possible alternatives, so you can choose the best option with confidence.

Building on the industry-standard spreadsheet, Analyse-it integrates into Microsoft Excel to provide you with a wide-range of statistics and charts for visualizing, describing and testing hypotheses. Network licensing lets your entire team benefit

NeuralTools is used to make credit lending decisions by predicting the likelihood a new borrower will pay back a loan. It’s used for reducing transactional risk by identifying bank or credit card transactions likely to be fraudulent. Call centers use it for staffing strategies by predicting call volumes. Medical professionals use NeuralTools to diagnose unknown tumors and other ailments. The list is endless!

Build your own risk analysis package with Risk Simulator 2012- Your Edition. Risk simulator is a complete simulation tool for Excel that enables you to add the features you need and want. Check out the modules below.

Risk Simulator is the most complete simulation and stats package for MS Excel. It includes all 6 modules (Simulation, Forecasting, Optimization, Analytical Tools and BizStats) This is a must try add-in for those who need that extra depth and function